Riyadh – Sharikat Mubasher: ITHCA Group announced a new set of initiatives aimed at accelerating the growth of technology startups in Oman while deepening investment and expansion links with Saudi Arabia.
The group revealed, in a post on LinkedIn, that its Ideation Stage Fund, managed in partnership with Saudi-based Al Jabr, has completed 36 investments to date, with 11 percent of supported startups securing follow-on funding. ITHCA said the performance places the fund among the fastest-moving early-stage support programmes in the region.
As part of its next phase, the ideation programme has been rebranded as the OTF SCALE Fund. The new fund will focus on helping founders develop prototypes and build scalable businesses, with priority given to sectors such as artificial intelligence, fintech, software, and digital services. It combines early-stage capital with structured mentorship to prepare startups for regional and global expansion.
ITHCA also unveiled the Baw’wabah Accelerator, a six-month programme designed to help Omani startups enter the Saudi market. Powered by Al Jabr and supported by Saudi Arabia’s National Technology Development Programme, the accelerator will offer market-entry support, investor access, mentorship, and localisation assistance. Selected startups may receive up to $100,000 in investment from the OTF SCALE Fund.
The announcement coincided with the signing of an investment agreement between ITHCA Group and Saudi-based Vision Ventures, aimed at expanding Omani startups’ access to Saudi Arabia’s venture capital ecosystem and regional networks.
